The transition period The UK left the European Union on 31 January 2020 and the Brexit process has now moved into an 11-month transition phase. This period will be marked by the UK’s absence from all the EU's political institutions and agencies, so there are no longer British MEPs sitting in the European Parliament. However,… Continue reading Hot Topic: Brexit update
This year’s challenge was a 40 mile walk around Rutland. We started at around 10pm on Saturday and continued through the night, finishing at 3pm on Sunday afternoon. This works out as 18 hours allowing for the clocks going back which was fortunate as we had another hour to walk! The walk really was a… Continue reading We Did It – 2018 Charity Challenge, The Plod
Last year the team, friends and family took part in a 2 day challenge, walking 23 miles per day along The Llyn Peninsula. This year we are challenging ourselves even further by trekking 40 miles around Rutland overnight. This means no time to rest as the team begins the challenge at 10pm on Saturday 27… Continue reading The Rutland Plod – TW Challenge 2018
BUSINESS TRAVEL As we approach the time when employers have to deal with P11d returns, it is worth having a recap on the general principles of what is allowable. Travel expenses have specific tests which must be satisfied in order for an employee to gain a deduction. These rules are different from the general rule… Continue reading P11d returns – Recap on the general principles of what is allowable.
The following Tax Events are due on 31st January 2018: Personal Tax Events Deadline for submitting your 2016/17 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2016/17 liability together with the first payment on account for 2017/18 are also due. This deadline is relevant to individuals who… Continue reading 14 Days left to submit your 2016/17 self assessment return
The following Tax Events are due on 19th January 2018: Business Tax Events PAYE quarterly payments are due for small employers for the pay periods 6th October 2017 to 5th January 2018 This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions… Continue reading Tax Events are due on 19th January 2018
VAT: Overseas sales Below are some very basic rules of how to deal with VAT on overseas sales. If you ever come across these, please contact us as there are a lot more details which should be reviewed before anything is submitted to HMRC. The following are basic questions that need to be answered before… Continue reading VAT: Overseas sales
You can become a landlord for many different reasons; you might not even think of yourself as one. This could be because you’ve: inherited a property rented out a flat to cover your mortgage payments moved in with someone and need to rent out your house. If you follow this link http://bit.ly/2w4rf17 it takes to… Continue reading Have you become a landlord?
The government have issued information on how Making Tax Digital for Business (MTDfB) is expected to work for VAT once the rules are introduced in April 2019. Under the proposed rules, which have been issued subject to consultation, VAT registered businesses with turnover over the VAT registration threshold will be required to submit their VAT… Continue reading Hot Topic Making Tax Digital for Business
Have you got a moment? Do you dread hearing that in your office or, in fact, anywhere? It invariably means that your plans have just been scuppered and that you will know have to spend a chunk of time looking at something completely different. Exactly how long is a moment? I guess I’ve always thought… Continue reading Have you got a moment?